10x Insights
Loading account…
Companies / Technology / SmartRent, Inc.
SMRT

SmartRent, Inc.

TechnologyBusiness Services & Software
Ticker SMRTPHOENIX, AZFiscal year ends DecemberBook value per share $1.17Diluted shares 192.0M

SmartRent, Inc. (NYSE: SMRT) is an enterprise real estate technology company providing a comprehensive management platform designed for property owners, managers, and residents. The company operates through its website at www.smartrent.com and serves the residential real estate sector with integrated smart home… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$152.33M
−12.9% year over year
Last 12 mo $151.20M
-42.00%
−18.1 percentage points
Last 12 mo -14.92%
$-60.56M
−80.0% year over year
Last 12 mo $-19.60M
-26.09%
−14.5 percentage points
Last 12 mo -8.71%
Cash & financing
$-21.57M
+34.4% year over year
Last 12 mo $-0.71M
$-30.20M
+25.5% year over year
Last 12 mo $-6.43M
—
189.7M
−4.8% year over year
Last 12 mo 192.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What SmartRent, Inc. does

In the company’s own words

SmartRent, Inc. (NYSE: SMRT) is an enterprise real estate technology company providing a comprehensive management platform designed for property owners, managers, and residents. The company operates through its website at www.smartrent.com and serves the residential real estate sector with integrated smart home solutions.

The company's core business centers on a scalable smart home operating system that combines cloud-based software-as-a-service solutions with smart building hardware. SmartRent's platform enables centralized visibility and control over real estate assets while delivering a differentiated living experience for residents. The company generates revenue through three primary channels: subscription fees for hosted services including access controls, asset monitoring, and WiFi; direct sales of smart home devices such as hub devices, door locks, thermostats, and sensors; and installation and implementation services.

SmartRent organizes its offerings into two main solution categories. Smart Communities Solutions include smart apartments, access control systems, self-guided tours, and package management capabilities. Smart Operations Solutions encompass work management, answer automation for call handling, audit management, and inspection management tools. The company's hardware offerings operate on a hardware-agnostic approach, integrating with third-party devices from manufacturers including Yale, Honeywell, Ring, and others while also manufacturing proprietary devices under the Alloy brand.

As of December 31, 2025, SmartRent had deployed 890,870 units across approximately 600 customers, including many of the largest multifamily residential owners in the United States. The company's customer base owns or operates approximately 6.6 million rental units, representing roughly thirteen percent of the U.S. market for institutionally owned multifamily rental units and single-family rental homes. Beyond multifamily properties, SmartRent serves single-family rental homeowners, homebuilders, and institutional buyers.

The company maintains 418 employees worldwide focused on engineering, software development, product development, and sales functions. SmartRent was formed through a business combination in August 2021 when Fifth Wall Acquisition Corp. I merged with Legacy SmartRent.com, Inc., resulting in the current corporate structure and NYSE listing.

Company details
Sector
Technology
Industry
Business Services & Software
Headquarters
PHOENIX, AZ
Fiscal year end
December
CIK
1837014
SIC
7373

Financial performance, year by year

Fiscal 2021–2025 · USD
$-129.64M$-29.69M$70.26M$170.21M$270.15M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns SmartRent, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

77
funds hold it
0 of 35
superinvestors hold it
$30.77M
held by funds, at market
13.2%
of shares held by funds

Largest fund holders · SmartRent, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do SmartRent, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of SmartRent, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in SmartRent, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.